DSS: DSS Increases Position in Sharing Services Global to 59.6% and Will Now Consolidate Financials
DSS: DSS Increases Position in Sharing Services Global to 59.6% and Will Now Consolidate Financials
By Lisa Thompson
作者：麗莎湯普森
NYSE:DSS
紐約證券交易所:DSS
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On December 23, 2021, a subsidiary of DSS (NYSE:DSS) entered into an agreement with Sharing Services Global Corporation providing for an investment of up to $3 million in exchange for 50 million shares of common stock, and warrants to purchase up to 50 million shares. The warrants have a term of five years and are exercisable immediately, at $0.063. Now DSS owns 59.6% shares of the class A common stock of Sharing and will now consolidate its financials with DSS as of that date.
2021年12月23日，DSS（紐約證券交易所代碼：DSS）的子公司與Sharing Services Global Corporation達成協議，規定投資高達300萬股以換取5000萬股普通股，並認股權證購買多達5000萬股。認股權證的期限爲五年，可立即行使，價格爲0.063美元。現在，DSS擁有A類Sharing普通股的59.6％的股份，現在將截至該日將其財務狀況與DSS合併。
Sharing Services has recently been struggling to get back to profits after a loss of a significant chunk of business due to the departure of its founder after DSS invested in the company. If we merely take the last quarter of Sharing (ending September 30, 2021) and annualize it and add it to our former estimate for 2022 of DSS, we now reach $70 million in sales for 2022 with an increased loss. Direct Marketing is now expected to be 67% of 2022 total revenues. We expect that merging the direct sales business will result in synergies and reduced combined expenses. It may be until DSS reports Q1 2022 before we see how the combination has affected the income and balance sheet of DSS.
由於DSS投資該公司後創始人離職，Sharing Services最近一直在努力恢復利潤，此前該公司損失了很大一部分業務。如果我們僅將共享的最後一個季度（截至 2021 年 9 月 30 日）進行年度化計算，再加上我們之前對 2022 年 DSS 的估計，那麼我們現在在 2022 年的銷售額將達到 7,000 萬美元，虧損將增加。現在預計直接營銷將佔2022年總收入的67％。我們預計，合併直銷業務將產生協同效應並減少合併支出。可能要等到DSS發佈2022年第一季度報告後，我們才能看到這種組合如何影響了DSS的收入和資產負債表。
Balance Sheet
資產負債表
On September 30, 2021 the company had $69 million in cash, working capital of $84 million and debt of $7.2 million. At quarter end it owned $6.5 million in real estate as well as $9.2 million in marketable securities (including 127,179,311 shares of Alset International Limited (SGX:40V.SI) worth $5.1 million) plus its investment in Sharing Services Global (OTC:SHRG). After the quarter ended DSS also bought the three hospitals valued at $62 million using $13.5 million in cash and bought the additional $3 million of stock in SHRG. Its current enterprise value is approximately $8 million given its approximate current cash position.
2021 年 9 月 30 日，該公司有 6900 萬美元的現金, 營運資金爲8,400萬美元, 債務爲720萬美元.截至季度末，它擁有650萬美元的房地產和920萬美元的有價證券（包括價值510萬美元的Alset International Limited（SGX: 40V.SI）的127,179,311股股票），以及對Sharing Services Global（場外交易代碼：SHRG）的投資。季度結束後，DSS還使用1,350萬美元的現金收購了價值6200萬美元的三家醫院，併購買了SHRG的額外300萬美元股票。鑑於其當前的大致現金狀況，其目前的企業價值約爲800萬美元。
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譯文內容由第三人軟體翻譯。